Singapore recorded a Current Account surplus of 34796.60 SGD Million in the second quarter of 2025. This dataset provides - Singapore Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Singapore Current Account Balance

• Singapore Current Account recorded a surplus of 21.6 USD bn in Dec 2024, compared with a surplus of 25.7 USD bn in the previous quarter.
• Singapore Current Account Balance: USD mn data is updated quarterly, available from Mar 1986 to Dec 2024, with an averaged value of 6.7 USD bn.
• The data reached an all-time high of 26.4 USD bn in Jun 2022 and a record low of -307.4 USD mn in Mar 1987.
• CEIC converts quarterly Current Account Balance into USD. The Singapore Department of Statistics provides Current Account Balance in local currency. Federal Reserve Board average market exchange rate is used for currency conversions.
• Foreign Direct Investment (FDI) increased by 45.6 USD bn in Dec 2024.
• Singapore Direct Investment Abroad expanded by 12.8 USD bn in Sep 2024.
• Its Foreign Portfolio Investment increased by 7.7 USD bn in Dec 2024.
• The country's Nominal GDP was reported at 120.6 USD bn in Mar 2023.

Singapore recorded a Current Account surplus of 17.50 percent of the country's Gross Domestic Product in 2024. This dataset provides - Singapore Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Singapore Current Account Balance: % of GDP

• Singapore Current Account surplus accounted for 15.3 % of the country's Nominal GDP in Dec 2024, compared with a 18.6 % surplus in the previous quarter.
• Singapore Current Account Balance: % of Nominal GDP data is updated quarterly, available from Mar 1986 to Dec 2024, with an average value of 16.4 %.
• The data reached an all-time high of 33.3 % in Mar 2007 and a record low of -6.3 % in Mar 1987.

CEIC calculates Current Account Balance as % of Nominal GDP from quarterly Current Account Balance and quarterly Nominal GDP. The Singapore Department of Statistics provides Current Account Balance in local currency and Nominal GDP in local currency.


Key information about Singapore Current Account Balance: % of GDP

• In the latest reports of Singapore, Current Account recorded a surplus of 21.6 USD bn in Dec 2024.
• Foreign Direct Investment (FDI) increased by 45.6 USD bn in Dec 2024.
• Singapore Direct Investment Abroad expanded by 12.8 USD bn in Sep 2024.
• Its Foreign Portfolio Investment increased by 7.7 USD bn in Dec 2024.
• The country's Nominal GDP was reported at 120.6 USD bn in Mar 2023.

Graph and download economic data for Balance of Payments: Total Net Current Account for Singapore (SGPBCAGDPBP6PT) from 1990 to 2029 about Singapore, current account, BOP, and Net.

Current account balance (BoP, current US$) in Singapore was reported at 96015191957 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Singapore - Current account balance (BoP, current US$) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Singapore SG: BOP: Current Account: Balance: % of GDP data was reported at 18.829 % in 2017. This records a decrease from the previous number of 18.997 % for 2016. Singapore SG: BOP: Current Account: Balance: % of GDP data is updated yearly, averaging 12.415 % from Dec 1972 (Median) to 2017, with 46 observations. The data reached an all-time high of 26.059 % in 2007 and a record low of -19.579 % in 1974. Singapore SG: BOP: Current Account: Balance: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Singapore – Table SG.World Bank.WDI: Balance of Payments: Current Account. Current account balance is the sum of net exports of goods and services, net primary income, and net secondary income.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files, and World Bank and OECD GDP estimates.; ; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.

Current account balance (% of GDP) in Singapore was reported at 17.54 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Singapore - Current account balance (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Singapore SG: BOP: Current Account: Trade in Services: % of GDP data was reported at 103.571 % in 2017. This records an increase from the previous number of 103.439 % for 2016. Singapore SG: BOP: Current Account: Trade in Services: % of GDP data is updated yearly, averaging 60.387 % from Dec 1972 (Median) to 2017, with 46 observations. The data reached an all-time high of 105.905 % in 2015 and a record low of 43.066 % in 1985. Singapore SG: BOP: Current Account: Trade in Services: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Singapore – Table SG.World Bank.WDI: Balance of Payments: Current Account. Trade in services is the sum of service exports and imports divided by the value of GDP, all in current U.S. dollars.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files, and World Bank and OECD GDP estimates.; Weighted average; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.

In 2022, the current account balance in Singapore was approximately at ** percent of the country's GDP. In comparison, the current account balance in Cambodia was approximately *** percent of the nation's GDP in 2022.

Singapore SG: BOP: Current Account: Primary Income: Net data was reported at -11.519 USD bn in 2017. This records an increase from the previous number of -15.998 USD bn for 2016. Singapore SG: BOP: Current Account: Primary Income: Net data is updated yearly, averaging -127.610 USD mn from Dec 1972 (Median) to 2017, with 46 observations. The data reached an all-time high of 1.962 USD bn in 1997 and a record low of -15.998 USD bn in 2016. Singapore SG: BOP: Current Account: Primary Income: Net data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Singapore – Table SG.World Bank.WDI: Balance of Payments: Current Account. Net primary income refers to receipts and payments of employee compensation paid to nonresident workers and investment income (receipts and payments on direct investment, portfolio investment, other investments, and receipts on reserve assets). Data are in current U.S. dollars.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; ; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.

Singapore SG: BOP: Current Account: Balance data was reported at 60.989 USD bn in 2017. This records an increase from the previous number of 58.845 USD bn for 2016. Singapore SG: BOP: Current Account: Balance data is updated yearly, averaging 10.879 USD bn from Dec 1972 (Median) to 2017, with 46 observations. The data reached an all-time high of 61.127 USD bn in 2011 and a record low of -1.563 USD bn in 1980. Singapore SG: BOP: Current Account: Balance data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Singapore – Table SG.World Bank.WDI: Balance of Payments: Current Account. Current account balance is the sum of net exports of goods and services, net primary income, and net secondary income. Data are in current U.S. dollars.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; ; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.

View yearly updates and historical trends for Singapore Current Account Balance Outlook. Source: International Monetary Fund. Track economic data with YCh…

The 'Current Account s.a' (seasonally adjusted) in the EuroZone measures the balance of trade in goods and services, net income from abroad, and net current transfers.

Singapore BoP: Current Account (CA) Balance data was reported at 28,814.100 SGD mn in Dec 2024. This records a decrease from the previous number of 33,894.900 SGD mn for Sep 2024. Singapore BoP: Current Account (CA) Balance data is updated quarterly, averaging 11,006.750 SGD mn from Mar 1986 (Median) to Dec 2024, with 156 observations. The data reached an all-time high of 36,405.200 SGD mn in Jun 2022 and a record low of -659.200 SGD mn in Mar 1987. Singapore BoP: Current Account (CA) Balance data remains active status in CEIC and is reported by Singapore Department of Statistics. The data is categorized under Global Database’s Singapore – Table SG.JB001: Balance of Payments: BPM6. Singapore’s Balance of Payment is compiled based on the recommendation of BPM6 by the IMF. The sign convention of the entire dataset is adhered to BPM6.

The balance of payments is a statement that summarises the economic transactions between residents of an economy and non-residents during a specific time period. It consists of the current account, and capital and financial account which in turn comprise cross-border transactions in goods and services, income flows, transfers, as well as capital and financial flows.

BPM6 refers to the sixth edition of the IMF's Balance of Payments and International Investment Position Manual. It presents revised and updated standards for concepts, definitions, and classifications for international accounts statistics. These standards are used globally to compile comprehensive and comparable data.

According to a survey in Singapore as of July 2022, about **** percent of respondents stated that the trust and reputation of the bank were the most important factor to consider when they were opening a bank account. Other important factors to consider were their customer support and the accessibility of the bank, as stated by ***** percent and ***** percent of the respondents, respectively.

Net secondary income of Singapore surged by 11.23% from -6,807,139,488 US dollars in 2023 to -7,571,581,810 US dollars in 2024. Since the 41.34% slump in 2020, net secondary income soared by 80.98% in 2024. Net current transfers are recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars.

Singapore SG: BoP: Current Account: Secondary Income: Credit data was reported at 6.612 USD bn in 2017. This records an increase from the previous number of 6.348 USD bn for 2016. Singapore SG: BoP: Current Account: Secondary Income: Credit data is updated yearly, averaging 504.486 USD mn from Dec 1972 (Median) to 2017, with 46 observations. The data reached an all-time high of 8.442 USD bn in 2013 and a record low of 48.373 USD mn in 1977. Singapore SG: BoP: Current Account: Secondary Income: Credit data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Singapore – Table SG.IMF.BOP: BPM6: Balance of Payments: Detailed Presentation: Annual.

According to data from the UNWTO, Singapore's inbound tourism expenditure over current account credits in 2021 was at *** percent. This was a decrease compared to the previous year, caused by the COVID-19 pandemic.